Land Agents' Bill.

Taranaki Daily News, Volume XLVII, Issue 7929, 19 September 1905, Page 4

Land Agents' Bill.

PitOVISIOX FOII UCENSIMJ St. A«FATS. ;!' -The Land Agrirt* Kill, which was j-introduced to the 1,.-gislal ive Conn) L «il by the Attorney-General, defines a land agent as a [H-rson whose t busim-ss is to sell land on c<numi*sr won otherwise than h\ auction. Tlk> i Hill provides that after January 1. 190ti, land agents nr.: lo l ( e licens.il, thu licenses to lie iss.ie.l by the local authiri'y in applicants' district. A two-thirds majority of tlu- li-cai authcrily -nay refuse a litem?. A.I moneys received by the Innd agent in resist of any sale oi !an.l shall

Iv applied in payment of the expenses, cwnntission, and it her cha'gi-s of. or incidental to. the sale, in payment of any money* i., the land agent by the person on whose In-half the land was sold, and in payment of tin- balance (if any) lo such person, or as he may direct, and until such payment, su;h balance shall lie paid into a bunk to a general or separate trust account. ' For breach of I bese provisions a line of Jl-Vtmay be inflicted. Moneys paid into such trust account aro not to be available for payment of "the debt of any other creditor of tin' land agent, or Ik- liable to be attached or taken in execution under the order or process of any Court at the instance of any creditor. Every land agent who, alter a written demand bv the person on whose bell air he has sold land, fail* to give an account in writing of all moneys receivwi in respect tc such eale, or 'fails to pay tire balance ol money due, is liable to arfna of £lO. For wrongful conversion of money, or the presentation of false accounts, a land ra liable to two years' imprisonment. For carrying on business wit hoot - a license he is liable to a fine of £.">n. The license fees are : When the license is applied for during the months of January, February, or Uarch, £2O ; when applied for during the months of April, May, or June, £l3 ; when applied for during the months of July, August, or September, £lO ; when applied for during the months of October, .November, or December, £5.